WESCO Organic Growth at 2% in 1Q

WESCO International, Inc., Pittsburgh, PA, provider of electrical MRO products, construction materials and integrated supply services, reported sales for the first quarter 2008 were $1.46 billion, up 2.9% after adjusting for a divestiture.
 
Sales for the quarter from acquisitions were $12 million.
 
Net income in the first quarter was $44.8 million versus $48.2 million in the comparable 2007 quarter.
 
Mr. Roy W. Haley, WESCO's Chairman and Chief Executive Officer said: We have seen some deterioration in certain markets related to residential construction activity. We are cognizant of the near-term risks of a slowing economy, and we are balancing the increased investment in business development initiatives with cost containment actions in other areas of ...

WESCO International, Inc., Pittsburgh, PA, provider of electrical MRO products, construction materials and integrated supply services, reported sales for the first quarter 2008 were $1.46 billion, up 2.9% after adjusting for a divestiture.
 
Sales for the quarter from acquisitions were $12 million.
 
Net income in the first quarter was $44.8 million versus $48.2 million in the comparable 2007 quarter.
 
Mr. Roy W. Haley, WESCO’s Chairman and Chief Executive Officer said: We have seen some deterioration in certain markets related to residential construction activity. We are cognizant of the near-term risks of a slowing economy, and we are balancing the increased investment in business development initiatives with cost containment actions in other areas of our business.”

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